Gastar Closes of Sale of East Texas Property

Source: www.gulfoilandgas.com 10/1/2013, Location: North America

Gastar Exploration Ltd.("Gastar") announced that it has executed closing documents on the previously announced sale of its East Texas properties to Cubic Energy. Gastar expects to receive $39.2 million in proceeds in addition to the $4.7 million deposit previously paid by Cubic Energy by October 2, 2013.